As a large buyer with a significant annual purchasing volume, Tryg has the opportunity and responsibility to work together with our suppliers to promote positive environmental and social progress.
At Tryg, we are actively working on integrating sustainability into our sourcing and procurement processes and we screen our suppliers to identify positive impacts on Tryg’s sustainable development.
As a large buyer with a significant annual purchasing volume, Tryg has the opportunity and responsibility to work together with suppliers to change consumption patterns and promote positive environmental and social progress. Sustainability is an integral part of our sourcing and procurement processes. We live up to our commitment through the products and services we purchase and the contractual agreements we make.
We choose
At Tryg, we strive to collaborate with suppliers who share our values and show commitment to sustainability. We are a signatory member of the UN Global Compact. Thus, we expect our suppliers and partners to, as a minimum, adhere to the principles that are outlined in Tryg’s Supplier Code of Conduct (SCoC). We evaluate our supplier’s ESG-performance through the information the suppliers share with us, and we work towards giving advantages to suppliers who are performing well on sustainability parameters. Via Tryg’s ESG screening program, we evaluate our supplier’s ESG-performance and compliance level.
We collaborate
We collaborate with our suppliers to deliver social and environmental progress. We invite suppliers and customers to join our quest for more sustainable claims handling. Via our ESG screening program, we share information and our SCoC with our suppliers, which often forms the foundation of our collaboration. We do so when entering into new agreements and on a continuous basis throughout the business relationship.
We opt-out
We do not collaborate with suppliers that violate international agreements, national laws, internal guidelines or Tryg’s SCoC. As a starting point we always engage with our suppliers to identify specific issues or objections and their root causes with the aim of supporting our suppliers to build capability to live up to our SCoC. In severe cases of violation of the principles in our SCoC, Tryg reserves the right to evaluate the relationship and the possibility of opting out.
Sustainability is an integral part of Tryg’s 2027 strategy being an enabler within all three pillars of Customer & Commercial Excellence, Scale & Simplicity, and Technical Excellence.
Follow our progress and read about our contribution to sustainability in Tryg’s annual report.
Addressing and mitigating the impact of climate change is one of the most significant challenges right now. Tryg is dedicated to contributing to this effort and has defined specific climate targets. As a large part of Tryg’s direct and indirect CO2e emissions stems from claims handling, Tryg will intensify its current initiatives by continuing to repair floors, recycle car parts and refurbish mobile phones etc. — all while maintaining the highest standards of safety and quality.
The target that will drive development towards 2027 is:
For several years Tryg has been working to challenge the 'use-and-throw' culture and instead promote a more circular approach, focusing on repair and reuse. Large amounts of materials, such as wood, metal, plastic, and glass, are required when customers need to rebuild their house, repair a van, or get a new mobile phone. Tryg is now specifically targeting the reduction of new materials used in the claims handling process.
The target for material reduction towards 2027 is:
Supplier engagement is a prerequisite for driving progress in the supply chain. Across all its suppliers, Tryg will advocate and push for them to commit to SBTi. The more companies that commit to Paris-aligned targets, the greater the collective action to limit the impact of climate change.
As part of our sustainability strategy, Tryg has set following target.
Additionally, Tryg will continue its focus on more resource-efficient claims handling through repairs and reuse, leading to CO2e emission reductions.
We aim to cooperate with suppliers and partners that share our values and show commitment to promoting respect for human and labour rights, environmental protection, anti-corruption, and any factors which contribute to the overall welfare of society. As part of our procurement processes at Tryg, we take criteria related to environmental, social, and ethical standards into account when selecting and evaluating suppliers and encourage all suppliers to get into a dialogue with us on how to improve environmental and social progress and how impact can be achieved.
Since 2020, we have run a systematic ESG evaluation program with our suppliers to identify suppliers who have a positive impact on Tryg’s sustainable development and more sustainable claims handling. Through this program, we evaluate our suppliers in terms of our minimum requirements as stated in our Supplier Code of Conduct as well as their contribution to positive environmental and social progress in general. The program also provides an opportunity for suppliers to share and promote their work and progress within ESG areas.
The program consists of a questionnaire covering themes within ESG which suppliers are asked to complete on an annual or bi-annual basis. Based on the responses, indicators of progress and potential are managed, and appropriate follow-up activities are identified and performed in collaboration with suppliers.
The ESG screening program is key in continuously ensuring that we can vouch for our value chain. The program is an important factor in our ISO14001 certification, and it enables us to identify relevant risks and innovations within the industries that are represented in our value chain.
Do you have an idea on how we can handle a claim more sustainable? Do you have any input in regards to our supplier evaluation? Or do you have any questions?
We would like to hear from you!